The Anambra State Executive Council has approved the establishment of the Anambra investment corporation with a capital base of N200 billion, marking a major step in the state’s drive to attract private investment, strengthen infrastructure and accelerate economic development. The council also approved funding for electricity restoration, technology skills development and a statewide environmental sanitation campaign aimed at addressing flooding and environmental degradation.
Commissioner for Information and Value Reformation, Dr. Law Mefor, announced the decisions after the Executive Council meeting.
He disclosed that the state government would provide 30 per cent of the authorised capital for the newly established Anambra Development and Investment Corporation (ADIC), while identified state assets would be transferred to the corporation to support its operations. According to Mefor, the Anambra investment corporation will serve as a strategic platform for mobilising development finance through public-private partnerships.
“Effective immediately, ADIC will operate as a highly favourable platform for both individual and corporate investors,” he said.
The initiative is expected to strengthen investment opportunities and attract both local and international investors into key sectors of the state’s economy.
The Executive Council also approved the commencement of Code Anambra Talents Mastery Cohort 2 under the state’s Solution Innovation District (SID). Mefor explained that the decision followed the success of the programme’s first cohort and reflects the growing demand for technology skills globally.
The Solution Innovation District, established by the administration of Governor Chukwuma Soludo, serves as the state’s innovation hub for training, mentoring and supporting startups, technology companies, innovators and entrepreneurs developing solutions that contribute to Anambra’s economic growth. Officials said the expansion will further strengthen the state’s digital economy and build a larger pool of technology professionals.
The council reaffirmed the state’s emergency response to environmental degradation and announced a statewide environmental sanitation exercise scheduled for Saturday, July 4, 2026.
The sanitation exercise will run from 6:00 a.m. to 10:00 a.m., during which communities and businesses across Anambra will temporarily suspend activities. According to Mefor, the exercise will officially begin a statewide desilting and waste evacuation campaign designed to reduce flooding and improve environmental conditions.
In another major decision, the Executive Council approved the release of N315,460,777.41 to restore electricity to parts of Uli community in Ihiala Local Government Area and the Chukwuemeka Odumegwu Ojukwu University, Chinweoke Mbadinuju Campus, Uli. The funding is expected to improve electricity supply for residents and support academic activities at the university campus.
The latest approvals demonstrate the Anambra State Government’s strategy of combining investment promotion, technology development, infrastructure improvement and environmental management to drive sustainable economic growth.
With the launch of the Anambra investment corporation, expansion of digital skills training and renewed investments in power infrastructure and environmental protection, the state aims to strengthen its position as an attractive destination for investment and innovation.
The Executive Council’s approvals represent a broad development agenda that prioritises investment, innovation, infrastructure and environmental sustainability. As implementation begins, attention will focus on how effectively the initiatives translate into improved services, increased investment and long-term economic benefits for residents.
